Thailand Government factsGovernment of Thailand facts
In the middle of the 14th cent. a united Thai empire was created.
In the middle of the 14th cent. a united Thai empire was created. Until 1939 known as Siam, Thailand was the only South East Asia nation that was never colonised by a Euroregion. When the Japanese marched into Thailand in 1941, the government divided into a pro-Japanese and a pro-general factions, supported by the king.
In 1954, after the outbreak of the Vietnam conflict, Thailand became an associate of the USA after having sent forces to Korea and later fought alongside the USA in Vietnam. Since 2005 Thailand has seen several waves of civil unrest, among them a 2006 armed conflict that supplanted then Prime Minister THAKSIN Shinawatra, followed by major road demonstrations by rival groups in 2008, 2009 and 2010.
THAKSIN's youngest sibling, Chinnawat won the 2011 Puea Thai Party and took over government oversight. At the beginning of May 2014, after month-long protest against the government in Bangkok from November 2013, the Constitutional Court dismissed Mr Yinglik and at the end of May 2014 the Royal Thai Army, headed by PRAYUT Chan-ocha, carried out a putsch against the interim government.
Mr PRYUT was named Taoiseach in August 2014. A number of temporary agencies were set up by the provisional army government to support reforms and draw up a new Constitution, which was adopted in a nationwide referenda in August 2016. "With a relatively well established infra-structure, a free market and a generally proven policy of investing, Thailand is heavily reliant on foreign exchange, with export representing about two-thirds of the country's population.
Thailand's export includes electronic products, raw materials for agriculture, cars and parts, and manufactured food. Thailand has recruited an estimate of 3.0-4.5 million migrants, mainly from neighbouring states. Thailand has significantly alleviated the country's plight in recent years. The Thai government introduced a country-wide 300 Bt (about $10) per diem wages rate in 2013 and introduced new fiscal reform aimed at reducing the rate for middle-income people.
Thailand's recovery from the sluggish pace of expansion since the 2014 putsch. Thailand's financials are solid, with low rates of Inflation, low rates of joblessness and adequate government and outside indebtedness. The tourist industry and government expenditure - mainly for infrastructures and short-term fiscal policies - have contributed to stimulating the economies, and the Bank of Thailand has assisted with several interest cuts.